SWAPHUB: A UNIQUE DEX PROTOCOL THAT IMPROVE THE DEFI ECOSYSTEM
INTRODUCTION
This platform forms a great protocol with uniswap feature to help grow DeFi ecosystem. Even though the DeFi system has improved over the years, there is still room for more improvements through this special design that will benefit the community in a special way. The beauty of this platform is seen in the fact that it is already being referenced in so many Defi projects and now it will become more useful as it plans to add other useful features.
THE POTENTIALS OF SWAPHUB
Uniswap is a new decentralized exchange that was developed about two years ago. It is a great backup project that assists the DeFi projects that are being developed. This platform came through from the first uniswap protocol that has been around for a while and now the community will benefit more from it as it evolve into SwapHub.
This platform has its solutions and features built in a such a way that many more achievements can be realized within a short span of time. It will build its staking system and will exhibit uniswap protocol in its first stage.
It will not just dwell on the uniswap process but also deploy its other protocols, making users gain access to its exchange and funding pool and uniswap features. It will become the next generation of DEX ecosystem that is capable of asset lending and other digital finances or transactions with cryptocurrencies.
SWAPHUB'S LIQUIDITY
This platform is given the best liquidity far above the uniswap and is made more interesting and useful to many. The liquidity in this case provides more incentives to the users while the liquidity providers in it are able to benefit from the trading fees that are generated. The more the fees generated from the liquidity pool the more the entire system is positioned to enjoy more liquidity. For you to receive passive income from the platform, you will have to contribute asset to the pool and when that is done, the uniswap process becomes dominant.
SWAPHUB REWARDS
This platform gives the HUB token as rewards, this reward reward is gotten as users provides liquidity to the pool. The HUB token makes this possible and still ensure that the users have a portion of the SwapHub's protocol as they hold the token. When you do this, you can be assured of reward even when you no longer contribute to the liquidity in the pool. However, there is a greater chance for those who supports in the liquidity of the platform early enough. They will be taken as the major stakeholders which will get more HUBS token.
LP token will be used for staking in this platform to earn income. So it means that the more LP you have, the more you are able to stake and the more you are able to stake, the more your income will be. The only way you can have a decrease in the reward you get is if you stop providing liquidity. This is the only condition your holdings can reduce.
CONCLUSION
Since so many users will be taken as liquidity providers in this platform, the team behind this project has decided to design its token distribution in such a way that all the liquidity providers will get the token.
USEFUL LINKS
Website: https://swaphub.finance/
Telegram: https://twitter.com/swaphubfinance
Twitter: https://t.me/swaphub
Medium: https://medium.com/@swaphub
AUTHOR'S DETAILS
Bitcointalk Username: Goldada
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2659339